EMERALD CHARTER SCHOOLS (EIN 464687417) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

STEVE DIGGS

Phone

8656373227

Tax Period

2024-07-01 to 2025-06-30

EMERALD CHARTER SCHOOLS, founded in 2014, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE FREE, SUSTAINABLE, HIGH QUALITY PUBLIC SCHOOLS IN KNOXVILLE'S URBAN NEIGBORHOODS, ENSURING ALL ENROLLED STUDENTS HAVE ACCESS TO AN OUTSTANDING COLLEGE PREPARATORY EDUCATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,182,515

Program Service Revenue $0

Investment Income $36,317

Other Revenue $1,631

TOTAL REVENUE $7,220,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,408,773

Fundraising Expenses $309

Program Expenses $7,090,765

Other Expenses $1,911,370

TOTAL EXPENSES $7,320,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,220,463	$7,110,812	+0.0%
Expenses	$7,320,143	$6,967,511	+0.1%
Net Income	$-99,680	$143,301	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

141

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$115,956

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLISSA WEEKS	DIRECTOR OF	40.00	Officer	$100,502	$15,454	$115,956
DAVID COLQUITT	DIRECTOR	1.00	Director	$0	$0	$0
STEVE DIGGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
RANDY GIBSON	SECRETARY	1.00	Officer Director	$0	$0	$0
KALA GRAY	DIRECTOR	1.00	Director	$0	$0	$0
ED HEDGEPETH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ROBERT HILL	DIRECTOR	1.00	Director	$0	$0	$0
CINDY LANG	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE LATTIMORE	DIRECTOR	1.00	Director	$0	$0	$0
TIM MCELMORE	DIRECTOR	1.00	Director	$0	$0	$0
ALVIN NANCE	TREASURER	1.00	Officer Director	$0	$0	$0
JANENE NORDIN	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$7,220,463	$7,320,143	$7,605,708	$-99,680
2024	$7,110,812	$6,967,511	$7,818,916	$143,301
2023	$6,568,116	$6,191,000	$7,328,157	$377,116
2022	$5,598,772	$5,310,526	$7,649,201	$288,246
2021	$6,290,913	$4,972,527	$7,107,361	$1,318,386
2020	$5,032,908	$5,114,927	$6,452,043	$-82,019
2019	$5,129,363	$4,618,372	$5,646,921	$510,991
2018	$3,772,783	$3,845,689	$5,705,411	$-72,906

EMERALD CHARTER SCHOOLS